Perella Weinberg Partners (NASDAQ:PWP) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,163,844 shares of the company's stock after buying an additional 260,319 shares during the period. Vanguard Group Inc. owned about 3.59% of Perella Weinberg Partners worth $75,426,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in Perella Weinberg Partners during the fourth quarter worth $64,000. Y Intercept Hong Kong Ltd acquired a new stake in Perella Weinberg Partners in the 3rd quarter valued at approximately $214,000. KLP Kapitalforvaltning AS purchased a new stake in Perella Weinberg Partners in the fourth quarter valued at approximately $248,000. Aigen Investment Management LP acquired a new position in Perella Weinberg Partners during the fourth quarter worth $311,000. Finally, Verition Fund Management LLC purchased a new position in shares of Perella Weinberg Partners during the third quarter worth $333,000. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Perella Weinberg Partners Stock Performance

Shares of NASDAQ:PWP traded down $0.21 during trading hours on Wednesday, reaching $15.83. The stock had a trading volume of 39,402 shares, compared to its average volume of 578,884. Perella Weinberg Partners has a 1 year low of $11.68 and a 1 year high of $27.03. The firm's 50 day moving average is $20.13 and its 200-day moving average is $22.42. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -10.01 and a beta of 1.68.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.77%. Perella Weinberg Partners's dividend payout ratio (DPR) is presently -17.72%.

Analysts Set New Price Targets

PWP has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, JMP Securities reduced their price objective on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th.

About Perella Weinberg Partners

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.